Title 12 — Title 12: Taxation

Sec. 12-242ee. Legislative findings. It is found and declared that the exemption from the corporation business tax of interest on certain Connecticut state and local obligations may preclude the state from including interest on obligations of the United States in gross income for…

Sec. 12-242ff. Definitions. (a) As used in sections 12-242ee to 12-242yy, inclusive: (1) “Affected state obligation” means a state obligation from or with respect to which certain rights are taken pursuant to section 12-242gg; (2) “Secretary” means the Secretary of the Office of …

Sec. 12-242gg. Eminent domain; taking of right to claim income exclusion; notice of aggregate condemnation. Waiver of right to claim taking. (a) On March 8, 1995, the state of Connecticut, through the secretary, takes from all persons who were owners of a state obligation at any …

Sec. 12-242hh. Notice of taking. Claim for compensation form. (a) The secretary shall provide reasonable notice of the takings pursuant to section 12-242gg to all owners of affected state obligations. Such notice may include but is not limited to the mailing of such notice to the…

Sec. 12-242ii. Notice of individual condemnation. Statement of acceptance. Deposit of funds. Rejection of compensation form. (a) After receipt of a completed claim for compensation form and any additional information from the owner or his representative which is deemed to be suff…

Sec. 12-242jj. Statement of acceptance; rejection of statement of acceptance. (a) At any time within one hundred eighty days after receipt of the notice of individual condemnation and assessment of special damages and special benefits, the owner may agree that the amount of compe…

Sec. 12-242kk. Condemnation appeals; class action; withdrawal of notice. (a) At any time within one hundred eighty days after receipt of the notice of individual condemnation and assessment of special damages and special benefits by the owner, such owner, claiming to be aggrieved…

Sec. 12-242ll. Settlement of claim. The secretary may, with the advice and consent of the Attorney General, settle and compromise any claim arising out of or relating to section 4-186, 10a-236, 12-39l, 12-213, 12-225, 12-233 or 12-242ee to 12-242yy, inclusive, with any owner by t…

Sec. 12-242mm. Withdrawal of assessment deposit. An owner who is named in a notice of individual condemnation and assessment of special damages and special benefits may apply to the court for the withdrawal of any portion of the sum deposited by the secretary pursuant to section …

Sec. 12-242nn. Failure to return acceptance or file appeal. If an owner receives a notice of individual condemnation and assessment of special damages and special benefits and fails to: (1) Return a statement of acceptance or (2) file a condemnation appeal pursuant to section 12-…

Sec. 12-242oo. Exclusive remedy. Sections 12-242kk to 12-242nn, inclusive, shall be the exclusive remedy for resolving any dispute concerning the sufficiency of compensation for the takings with respect to affected state obligations pursuant to section 12-242gg. In no event shall…

Sec. 12-242pp. Declaratory judgment. The Attorney General or any owner may bring an action for declaratory judgment in the superior court for the judicial district of Hartford against the secretary to determine the constitutionality of sections 4-186, 10a-236, 12-39l, 12-213, 12-…

Sec. 12-242qq. Reach-back. The Commissioner of Revenue Services shall adjust the gross income of any taxpayer subject to the corporation business tax for any and all income years ending on or after the application date to include in such gross income interest or exempt interest d…

Sec. 12-242rr. Method of payment of refunds. (a) Where a state or federal court has made a final determination that a provision of this title, as applied by the Commissioner of Revenue Services, violates the Constitution of Connecticut or the United States or other state or feder…

Sec. 12-242ss. Extension of time to grant refunds in certain cases. Notwithstanding the provisions of section 12-225, the Commissioner of Revenue Services may grant or deny any pending or future claim for refund of corporation business tax that is based on the assertion that inte…

Sec. 12-242tt. Refunds and exclusion of related expenses applicable to pending returns. Sections 12-225, 12-233 and 12-242rr shall apply to all amended returns, as described in subsection (b) of said section 12-225, irrespective of when such returns were filed, in connection with…

Sec. 12-242uu. Bond authorization. (a) The State Bond Commission shall have power, in accordance with the provisions of this section from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts in the aggregate, not exceeding th…

Sec. 12-242vv. Confidentiality of taxpayer information. Notwithstanding section 1-210, the secretary, his authorized agent or any other officer or employee of the state shall not disclose any information contained in any claim for compensation form, notice of individual condemnat…

Sec. 12-242ww. State action against third party; waiver. Nothing in section 4-186, 10a-236, 12-39l, 12-213, 12-225, 12-233 or 12-242ee to 12-242yy, inclusive, shall be construed as a waiver or limitation of such rights as the state has or may have as against third parties. (P.A. …

Sec. 12-242xx. Regulations. (a) The Secretary of the Office of Policy and Management may adopt regulations in accordance with the provisions of chapter 54 to carry out the purposes of sections 12-242ee to 12-242pp, inclusive, sections 4-186 and 12-242uu to 12-242yy, inclusive. (b…

Sec. 12-242yy. Authority for assistance through contract or agreement. The Secretary of the Office of Policy and Management may secure the assistance, through contract or agreement, of any person or state agency, in carrying out his duties under sections 12-242gg to 12-242nn, inc…